Crypto Update,Mar Cryptocurrency awaits decision of US Federal Reserve
- Altcoins are experiencing a surge in value, while Bitcoin maintains its position above $28,000. The financial world is eagerly awaiting the Federal Reserve's next move, with all eyes fixed on their upcoming decisions
- In the past 24 hours, the major crypto - BTC, ETH, XRP, and ADA - has been in the green
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28064 | 0.77% |
| ETHEREUM | $1790 | 2.55% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 1.80% |
| TRADING VOLUME | $271 B | 111.72% |
| Indices | LTP | Change (%) |
|---|---|---|
| OOGI | $0.000015 | 547.35% |
| FUTURECOIN | $0.15 | 368.07% |
| MERCURIAL | $0.0036 | 328.00% |
| FABRIC | $0.0000060 | 59.46% |
| ZENON | $2.76 | 49.31% |
| Indices | LTP | Change (%) |
|---|---|---|
| DEGEN INDEX | $0.000010 | 88.17 |
| CAV NETWORK | $0.0010 | 53.72% |
| RECAST1 | $0.00000039 | 49.55% |
| CRYPTOZOON | $0.00039 | 49.22% |
| MEME | $40.29 | 41.77% |
Bitcoin is on its way to reaching new nine-month highs
following the opening of Wall Street on March 21st,
with a crucial Federal Reserve interest rate decision looming. As the market eagerly anticipates the Fed's policy decision, the dollar is holding its breath. The Federal Reserve's decision will undoubtedly have a significant impact on the market, and many are eagerly awaiting the outcome.
Major Events Around the World
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Today is a crucial day for the Crypto markets as the US Federal Reserve is set to announce its decision on whether to pause or continue hiking interest rates. The FOMC meeting, which began on March 21-22, is currently underway, and the Fed Chair Powell will reveal the final decision on Wednesday.
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Due to the recent surge in XRP's value, Ripple's products have come under increased scrutiny, particularly the XRP Ledger, which has garnered significant attention. Despite the lack of clarity surrounding the XRP lawsuit in the United States, altcoin has emerged as a standout among the top cryptocurrencies.
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The cryptocurrency market has recently experienced a slowdown in its upward trajectory, with Bitcoin's price surpassing the psychological threshold of $28,000. However, despite this temporary setback, the flagship cryptocurrency is exhibiting a positive outlook for the future by breaking its macro downtrend. This development suggests that Bitcoin's bullish trend is likely to continue in the coming months, providing investors with a promising opportunity to capitalise on the cryptocurrency's potential growth.
COINGABBAR Views: Will the Fed Continue to Raise Interest Rates? Investors and economists alike will be closely watching the outcome of the March 2023 FOMC meeting. The decision made by the Fed will have a significant impact on financial markets and the broader economy. As we await the meeting, it is important to stay informed and prepared for any potential outcomes. Stay tuned for updates on the Fed's decision and its impact on the Crypto market. For more information Stay tuned with us at www.coingabbar.com
Also read: Why Does Elon Musk Share Crypto Memes on Twitter?
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
